ASML (NASDAQ:ASML) Shares Down 0% – Time to Sell?

ASML Holding (NASDAQ:ASML) shares were down 0% during trading on Tuesday . The stock traded as low as $693.41 and last traded at $696.12. Approximately 243,402 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 1,446,431 shares. The stock had previously closed at $696.15.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BNP Paribas started coverage on ASML in a research report on Tuesday, December 3rd. They set an “outperform” rating and a $858.00 price target for the company. Susquehanna reduced their price objective on shares of ASML from $1,300.00 to $1,100.00 and set a “positive” rating for the company in a report on Friday, October 11th. Sanford C. Bernstein lowered their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating on the stock in a research note on Friday, November 29th. Morgan Stanley lowered shares of ASML from an “overweight” rating to an “equal weight” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, ASML presently has a consensus rating of “Moderate Buy” and an average target price of $943.83.

ASML Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.55 and a quick ratio of 0.84. The company has a market cap of $270.51 billion, a P/E ratio of 36.00, a PEG ratio of 2.07 and a beta of 1.49. The company has a fifty day simple moving average of $694.96 and a 200-day simple moving average of $825.55.

ASML (NASDAQ:ASML) last released its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $5.80 earnings per share for the quarter, beating analysts’ consensus estimates of $5.24 by $0.56. The business had revenue of $8.21 billion during the quarter, compared to analyst estimates of $7.66 billion. ASML had a return on equity of 47.61% and a net margin of 26.40%. On average, sell-side analysts predict that ASML Holding will post 20.68 earnings per share for the current year.

ASML Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Tuesday, October 29th were given a $1.407 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $5.63 annualized dividend and a dividend yield of 0.82%. ASML’s dividend payout ratio (DPR) is presently 29.21%.

Hedge Funds Weigh In On ASML

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Resources Management Corp CT ADV acquired a new stake in shares of ASML in the second quarter worth $26,000. Fairway Wealth LLC acquired a new stake in ASML during the 3rd quarter worth about $25,000. Milestone Investment Advisors LLC purchased a new position in ASML during the 3rd quarter valued at about $28,000. Fortitude Family Office LLC increased its holdings in shares of ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 15 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of ASML in the third quarter worth approximately $43,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.